Atoz Services, a Luxembourg-based provider of services to alternative funds, has announced the acquisition of Seles Limited, a UK-based accountancy firm specialising in real assets. The acquisition, on Friday 15 November 2024, is part of Atoz’s broader strategy to expand its service offering and strengthen its position as a key player in the real estate sector, both in Luxembourg and internationally.

Seles Limited, based in London, provides a range of services focused on the needs of real estate companies, with expertise in accounting and financial reporting for real assets. This acquisition will integrate Seles’ capabilities into Atoz’s operations, enhancing its efficiency and service offering, particularly for clients in the real estate sector, said the firm in the press statement.

, managing partner of Atoz Services, commented on the acquisition, stating that it aligns with the firm’s goal to provide best-in-class services across multiple jurisdictions. He added that the integration of Seles’ expertise would allow the firm to better address the evolving needs of the real assets market. Specifically, the acquisition is expected to enhance Atoz Services’ capabilities in financial reporting, financial control management and accounting solutions, all critical functions for companies operating in the real estate and real assets sectors.

Ryan Seligmann, CEO of Seles Limited, expressed optimism about the merger, noting that joining Atoz Services would create significant opportunities for both the firm’s clients and its employees. He highlighted that the combined resources would allow both companies to offer a more robust suite of services and innovative solutions to meet the growing demands of their clients.

The value of the deal was not disclosed.